Rajan Nanda Innovation Lab (RNIL), an initiative of Escorts, has selected five start-ups in agri-tech, rail-tech and infra-tech through its Inter-College Innovation Challenge IC2 to fund, incubate & mentor. All selected concepts would receive a seed funding from Escorts. Partial & limited financial assistance would also be provided to nine other ideas for building of prototypes or testing and validating existing prototypes.
Escorts is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.